The White House on Tuesday reacted to news of massive layoffs by tech giants such as Amazon, Google, Microsoft and Meta. Just last week, Microsoft and Google laid off 22,000 employees. When asked about the layoffs of these big tech companies, White House press secretary Carine Jean-Pierre said that President Joe Biden firsthand understands the impact of losing jobs on families. “He gets it very personally,” she said.
The spokesperson was also asked if these job cuts were due to fears of a US recession. In response, she said, “The president has said this many times. He wants to make sure that this is an economy that works for everyone, an economy that works from the bottom up and the middle out. I will do my best.”
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On January 20th, Google CEO Sundar Pichai announced 12,000 job cuts worldwide. It has become the latest tech giant to cut headcount amid a global recession, following Microsoft, Facebook and Amazon. Last week, Microsoft began laying off 10,000 people, or nearly 5% of its workforce. Amazon has also started laying off 18,000 jobs.
Jean-Pierre said unemployment is declining in the US despite layoffs. “When you look at CPI data, you look at PPI. More broadly when it comes to the economy, layoffs remain at record lows according to job openings data.” Learn more or why this happened of
“This (job cuts) is for individual companies to talk about. I can talk about how the economy has really stabilized and stabilized because of the president’s actions,” the secretary said.
When asked about Indian IT professionals holding H-1B visas, they will have to leave the country after 60 days, but Jean-Pierre said nothing specific. said. here”. She declined to comment on the difficulties facing technical professionals who have not received an H-1B visa extension.
The H-1B visa is a nonimmigrant visa that allows U.S. businesses to employ foreign workers in occupations requiring theoretical or technical expertise. Indians make up the bulk of H-1B and other work visa recipients for skilled foreign workers, many of whom work in the high tech industry.
(with input from PTI)